Smurfit Westrock Ltd (NYSE:SW) Receives $58.20 Average PT from Brokerages

Shares of Smurfit Westrock Ltd (NYSE:SW) have been given an average recommendation of “Moderate Buy” by the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $58.50.

SW has been the subject of several recent research reports. Jefferies Financial Group upgraded shares of Smurfit Westrock from a “hold” rating to a “buy” rating and boosted their target price for the company from $44.00 to $55.00 in a research note on Monday. Royal Bank of Canada dropped their price target on Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Truist Financial reduced their price target on shares of Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Barclays cut their price objective on shares of Smurfit Westrock from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 13th. Finally, Morgan Stanley dropped their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th.

Insiders Place Their Bets

In related news, Director Irial Finan purchased 15,180 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $39.21 per share, with a total value of $595,207.80. Following the completion of the acquisition, the director now owns 54,893 shares of the company’s stock, valued at approximately $2,152,354.53. This represents a 38.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Smurfit Westrock

Hedge funds have recently modified their holdings of the stock. Covestor Ltd boosted its position in shares of Smurfit Westrock by 8.9% in the 4th quarter. Covestor Ltd now owns 2,308 shares of the company’s stock valued at $124,000 after purchasing an additional 188 shares during the period. Bessemer Group Inc. lifted its stake in Smurfit Westrock by 3.0% during the fourth quarter. Bessemer Group Inc. now owns 6,771 shares of the company’s stock valued at $364,000 after buying an additional 197 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Smurfit Westrock by 16.6% in the fourth quarter. Assetmark Inc. now owns 1,390 shares of the company’s stock worth $75,000 after buying an additional 198 shares during the period. Stephens Inc. AR increased its position in shares of Smurfit Westrock by 3.7% in the fourth quarter. Stephens Inc. AR now owns 5,616 shares of the company’s stock worth $302,000 after acquiring an additional 199 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Smurfit Westrock by 1.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 15,866 shares of the company’s stock valued at $855,000 after acquiring an additional 225 shares during the period. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Price Performance

Shares of NYSE SW opened at $43.23 on Friday. The company has a market capitalization of $22.57 billion, a price-to-earnings ratio of 78.61 and a beta of 1.04. The business has a 50-day moving average of $42.84 and a 200-day moving average of $48.08. Smurfit Westrock has a 1-year low of $37.01 and a 1-year high of $56.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89.

Smurfit Westrock (NYSE:SW) last released its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The business’s revenue was up 161.3% compared to the same quarter last year. On average, equities analysts anticipate that Smurfit Westrock will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, May 19th will be issued a dividend of $0.4308 per share. This represents a yield of 3.7%. The ex-dividend date of this dividend is Friday, May 16th. Smurfit Westrock’s payout ratio is currently 140.98%.

Smurfit Westrock Company Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.